Mokhzani Mahathir, son of former prime minister
Dr Mahathir Mohamad, saw the biggest hole in his pocket as his net worth
tumbled 42 percent or by about half-a-billion US dollars last year,
according to the latest Forbes’ list of Malaysia’s 50 richest released today.
The
big tumble takes him from 15th last year on the list (US$1.2 billion)
to 26th this year (US$700 million). This represents the biggest net
worth decline among the top 50 richest Malaysians over the past year,
said Forbes.
Meanwhile, diversified businessman Syed Mokhtar Albukhary (left), the only Malay in the top 10, fell one spot to eighth this year as his net worth dipped by US$200 million to US$2.9 billion this year.
Hong Kong-based tycoon Robert Kuok remains Malaysia’s richest citizen as a number of Malaysia’s wealthiest see their net worth fall following the recent global oil price plunge.
Genting scion drops, too
According to an update of Forbes’ list of Malaysia’s 50 richest today, 91-year-old Kuok saw his net worth dip slightly by US$200 million (RM721.9 million) this year to US$11.3 billion compared to US$11.5 billion last year.
Retaining second place is Ananda Krishnan, whose net worth stands at US$9.7 billion. This represents a drastic fall from US$11.3 billion last year — a 14 percent dip.
Banking magnate Quek Leng Chan overtook gaming tycoon Lim Kok Thay this year to take third place, boasting a net worth of US$5.6 billion, though this is 12.5 percent lower than US$6.4 billion last year.
Similarly Lim of Genting fame saw his net worth tumble 15.3 percent over the past year to US$5.5 billion this year.
Read the full story at KiniBiz now.
The
big tumble takes him from 15th last year on the list (US$1.2 billion)
to 26th this year (US$700 million). This represents the biggest net
worth decline among the top 50 richest Malaysians over the past year,
said Forbes.Meanwhile, diversified businessman Syed Mokhtar Albukhary (left), the only Malay in the top 10, fell one spot to eighth this year as his net worth dipped by US$200 million to US$2.9 billion this year.
Hong Kong-based tycoon Robert Kuok remains Malaysia’s richest citizen as a number of Malaysia’s wealthiest see their net worth fall following the recent global oil price plunge.
Genting scion drops, too
According to an update of Forbes’ list of Malaysia’s 50 richest today, 91-year-old Kuok saw his net worth dip slightly by US$200 million (RM721.9 million) this year to US$11.3 billion compared to US$11.5 billion last year.
Retaining second place is Ananda Krishnan, whose net worth stands at US$9.7 billion. This represents a drastic fall from US$11.3 billion last year — a 14 percent dip.
Banking magnate Quek Leng Chan overtook gaming tycoon Lim Kok Thay this year to take third place, boasting a net worth of US$5.6 billion, though this is 12.5 percent lower than US$6.4 billion last year.
Similarly Lim of Genting fame saw his net worth tumble 15.3 percent over the past year to US$5.5 billion this year.
Read the full story at KiniBiz now.
No comments:
Post a Comment